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545 W 125th St
New York, NY 10027
Multifamily Property For Sale
·
48 Units
Investment Highlights
- The property features 48 units with a mix of residential and commercial income sources.
- The building is located adjacent to Columbia University’s expanding Manhattanville campus.
- Positioned along the revitalized 125th Street corridor with strong neighborhood amenities.
- Seventeen free-market apartments contribute a significant share of rental revenue.
- One block from the 1 train and near the A, B, C, and D subway lines.
- Value-add potential exists through unit upgrades and future rent growth opportunities.
Executive Summary
Strategically situated on the north side of West 125th Street, perfectly positioned between Amsterdam Avenue and Broadway.
48-unit, mixed-use building featuring 17 free-market units, 27 rent-stabilized units, and 4 commercial spaces.
This asset offers a diverse residential mix consisting of 14 one-bedroom, 17 two-bedroom, 12 three-bedroom, and 1 four-bedroom units.
Free-market units account for 40% of the property's total rental income.
Generating approximately $1,100,000 in gross annual income, the property presents a compelling value-add opportunity through unit renovations, market rent appreciation, and vacancy reduction.
Excellent proximity to Columbia University supports sustained student housing demand while benefiting from continued neighborhood transformation and market rent appreciation.
Expansion of Columbia's Business School, coupled with reduced graduate housing and the phase-out of rent-regulated student units, is expected to drive demand for nearby off-campus apartments.
Located one block from the 1 subway line and only three blocks from the A, B, C, and D express lines.
48-unit, mixed-use building featuring 17 free-market units, 27 rent-stabilized units, and 4 commercial spaces.
This asset offers a diverse residential mix consisting of 14 one-bedroom, 17 two-bedroom, 12 three-bedroom, and 1 four-bedroom units.
Free-market units account for 40% of the property's total rental income.
Generating approximately $1,100,000 in gross annual income, the property presents a compelling value-add opportunity through unit renovations, market rent appreciation, and vacancy reduction.
Excellent proximity to Columbia University supports sustained student housing demand while benefiting from continued neighborhood transformation and market rent appreciation.
Expansion of Columbia's Business School, coupled with reduced graduate housing and the phase-out of rent-regulated student units, is expected to drive demand for nearby off-campus apartments.
Located one block from the 1 subway line and only three blocks from the A, B, C, and D express lines.
Property Facts
| Price Per Unit | $208,333 | Apartment Style | Mid-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 5.36% | Lot Size | 0.17 AC |
| Gross Rent Multiplier | 9.28 | Building Size | 29,436 SF |
| No. Units | 48 | No. Stories | 6 |
| Property Type | Multifamily | Year Built | 1926 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | R7A - R7 - Medium-density apartment house district with lower parking requirements | ||
| Price Per Unit | $208,333 |
| Sale Type | Investment |
| Cap Rate | 5.36% |
| Gross Rent Multiplier | 9.28 |
| No. Units | 48 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 29,436 SF |
| No. Stories | 6 |
| Year Built | 1926 |
| Opportunity Zone |
Yes |
| Zoning | R7A - R7 - Medium-density apartment house district with lower parking requirements |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Oven
- Range
Site Amenities
- Controlled Access
- Tenant Controlled HVAC
- Recycling
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 4 | - | - |
| 1+1 | 14 | - | - |
| 2+1 | 17 | - | - |
| 3+2 | 12 | - | - |
| 4+2 | 1 | - | - |
Property Taxes
| Parcel Number | 1982-0005 | Improvements Assessment | $1,923,790 |
| Land Assessment | $97,200 | Total Assessment | $2,020,990 |
Property Taxes
Parcel Number
1982-0005
Land Assessment
$97,200
Improvements Assessment
$1,923,790
Total Assessment
$2,020,990
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